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Crypto

BitMine buys another 127,000 ether, raises holdings to 4.59% of supply

BitMine Immersion Technologies has increased its ether holdings to 5,543,872 ETH, equivalent to 4.59% of total ether supply. The company bought about 127,000 ETH over the past week, moving closer to its goal of holding 5% of supply, which it calls “Alchemy of 5%.” It said 4.72 million ETH is staked and outlined expected annualised returns from staking. The firm also reported holdings of 204 bitcoin and $247 million in cash.

Crypto

Bitmine holds 4.49% of total Ethereum supply, slows buying pace

Bitmine, an Ethereum treasury company, has sharply slowed the pace of additional Ethereum purchases over the past week. As of May 31, it held 5,416,901 ETH, equal to 4.49% of Ethereum’s total supply of 120.7 million ETH. Weekly acquisitions fell to 26,497 ETH from 111,942 ETH a week earlier. The company has highlighted a goal of reaching 5% ownership, which its chairman said could be achieved in 2026.

Crypto

BitMine holds 4.47% of ether supply, buys 111,942 ETH in a week

BitMine Immersion Technologies bought an additional 111,942 ETH over the past week, a purchase worth 370 billion yen, raising its ether holdings to 5,390,404 ETH, equal to 4.47% of the total supply. The company valued its holdings at about $11.5 billion using an ETH price of $2,134. It is also increasing staking, with 4,712,917 ETH staked as of May 25 and an annualised yield of 2.75%.